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I took calculated risks for high growth: FM

New Delhi: Finance Minister Pranab Mukherjee on Tuesday said the government has taken the calculated risk of high fiscal deficit to help stimulate growth, but would strive hard to bring it down to 4 per cent in the next two fiscals. Noting that a fiscal deficit of 6.8 per cent was on the higher side, the   ....Read more

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Financial Stimulus- BOLD move!By: Jacob Mudanthangili | Wednesday , 8 Jul '09 5:29:01 AM Reply | Forward FM and our central government is making a bold move to revamp our economy. It is a very calculated move to save Indian economy from the global financial melt down. Instead of creating an entire stimulus package like the US,and a set of top government officers and politicians to mismanage it, this budget will jump start our economy with less taxes and increased incentives. The budget provisions will encourage people to participate in the market to generate growth.
I miss ChidambaramBy: Ajay | Wednesday , 8 Jul '09 3:40:54 AM Reply | Forward i miss chidambaram...pranab is totally clueless and will probably ruin our economy.
yadi yadi ya....By: JP | Wednesday , 8 Jul '09 2:35:54 AM Reply | Forward Terrorists came from heaven!!! then, War is not a solution!!! and now this.....give me a break...Even SC St OBC Muslims in India cannot buy this, Mr bluff master minister
A New Era of DevelopmentBy: Giri Girishankar | Tuesday , 7 Jul '09 19:43:55 PM Reply | Forward Let us congratulate the FM for his courageous move. Conservative and cautious approach to development has resulted in slow growths that do not reflect the expectations of the nation. When we are striving for high growth, we have to take (calculated) risks, which can promote an innovative and creative environment and in the long run, a productive machinery. However, intelligent risk-taking has to be accompanied by close risk-management. It cannot be handed over to regular bureaucrats but should be entrusted with well trained and successful professionals. Hopefully, we are embarking on a new era of management of national development.
kumarBy: ysm | Tuesday , 7 Jul '09 19:19:04 PM Reply | Forward when n.d.a.was in power for six years what was the threshhold limit for income tax.it was 50000 and they did not bother to even raise it to rs.60000/-.the dividend was taxable in the hands of individual.today a person earning rs.300000 need not pay a single rupee as I.T.women rs.330000/ and senior citizen rs.340000/.this is called concern for aam aadmi.
THE OLD MAN'S BUDGETBy: Lloyd | Tuesday , 7 Jul '09 18:52:46 PM Reply | Forward Already when Mr. Pranab Mukerjee was the foreign minister of India in the last term,he could not achieve any thing positive (against Pakistan). But now he has come to spoil the entire nation's bright future in the finance sector. Better our PM should be made to as F.M. Just as he doesn't have real tooth so as his budget also.
THE AAM AADMI LABELBy: Anand | Tuesday , 7 Jul '09 17:55:13 PM Reply | Forward Under the given scenario, he has done the best. Pranab is a veteran parliamentarian whose integrity is beyond reasonable doubt. In the current budget, he has tried to balance it in the best way possible with more concentration on the rural sector which is pivotal to India's growth. However, such an overt emphasis on the rural sector will not please Corporate India and the Share market Dalals who were expecting some major concessions from a Congress led Government minus the Communists in the form of Corporate tax cut and other incentives. But, it seems that the Congress has belatedly realized clearly that big bang reforms doesn't bring votes and it was the focus on aam aadmi which brought it to power once again. The Aam Aadmi label is mainly responsible for the success story of the UPA and it is this focus which differentiates the Congress from the BJP, a neo-liberal party which stands only for protecting the Corporates and Share brokers.
Re: Miscalculation of Indian PeopleBy: Rajeev | Tuesday , 7 Jul '09 17:12:58 PM Reply | Forward Congress Party is the lesser of the evils... Indian people are smart to have voted... in a slow down of the world economy few options are there
enough is enoughBy: bharat | Tuesday , 7 Jul '09 17:12:17 PM Reply | Forward Why take calculated risk...we are all under risk already. Risk which we have taken UPA as our govt is itself enough.....which made india the laughing stock. we need some dynamic young age govt. Please also all the people who are about 60 yrs in the govt please take the retirement...enough is enough
The people and the budgetBy: shanthanu | Tuesday , 7 Jul '09 16:55:58 PM Reply | Forward People of this country has not yet learnt any lesson that the Congress only boasts that it is for Aam Admi while they act for only biggies. When the prompt tax payer,the middle salaried class, has his income diminished by nearly 60% owing to price hike of almost all essential commodities, has been shown a pittance of concession of Rs.10000.00 added to his income tax rebate level. This is ridiculous.
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